Tuesday, Apr 09, 2013
BEIRUT (Zawya Dow Jones)--Kuwait is expected to spend between 4.5 billion Kuwaiti dinars ($15.76 billion) and KWD5 billion on development projects in the new fiscal year, Kuwait-based Al Seyassah daily reports Tuesday citing Mustafa Al Shamali, the country's finance minister and deputy prime minister.
The oil-rich state's 2013/2014 fiscal year began in the current month.
Mr. Shamali said according to the newspaper that he expects the Kuwaiti economy to grow between 4.5% and 5% in 2013.
Newspaper website: http://www.al-seyassah.com/AtricleView/tabid/59/smid/438/ArticleID/238954/reftab/76/Default.aspx
Write to Beirut Bureau at djnews.dubai@dowjones.com
Copyright (c) 2013 Dow Jones & Co.
(END) Dow Jones Newswires
09-04-13 0739GMT
